How much is a new Iveco van?
How much is a new Iveco van?
A good question, if you haven't seen one recently. They have been in the news a lot over the last few weeks as it's being revealed that Iveco - one of the biggest European van manufacturers - has an accounting scandal, with one of its biggest customers - the French police - being taken in by their dodgy figures. Which is very bad news, but if you look at what their total value is to the UK economy it's very small - and that means there will be very few new vans on the roads for a long time. In fact, the only reason I can see why they'd have done it in the first place is so that they could get into trouble and then use their own dodgy figures to claim back tax from the UK Government.
Which means Iveco isn't worth anything. And that's not just going to affect the economy and the future of jobs - it's going to affect people's finances and the way they get around. I don't want to think about that, so instead I'm going to think about this:
If they were only worth 6.6 million a year to the economy - and that's the best estimate I can find - that's more than 6,700 for every single van on the road.
That's a lot of money. And a lot of money for something that doesn't really help the economy in any meaningful way.
In fact, the best way for me to be able to afford a new van is for the money that I save by not buying one, which is 845, to go on my mortgage. It's 245 a month, which adds up to about 1,000 a year. If my interest rate on my mortgage goes up by a half a percentage point that'll be a good thing for me. It's going to help my budget.
But the average cost of a new Iveco van to us all, whether we get a new one or not, is going to be at least 2,000. That's 2,000 for every van that's driven in Britain. The average annual amount that you'd spend on petrol and oil is going to be about 1,400. You're likely to spend more if your car isn't fuel efficient.
Is Iveco better than Mercedes?
Iveco is in a bit of trouble, and it is looking for a new investor to save it. The problem is that Iveco's stock price has been going down lately, and Iveco's shares are selling for far below their book value. It has a lot of debts, and its stock price has fallen by some 80% over the last year. What is the story?
You can learn more about the real story in this article in the Wall Street Journal, but I'll briefly describe it here. Iveco is a French truck maker, which has been having financial trouble for years. Its sales have been declining, and the company has had to cut back on hiring. It has also been plagued with problems over the last few years with suppliers and contractors, which has hurt its bottom line. Over the last year or two, Iveco has been selling its own shares at fire sale prices. The company has a lot of debt, which is being paid off as its revenues decline. Its business is not very attractive right now, and it is trying to sell itself. It seems to be doing all right, but not doing well.
So what is the story behind Iveco? Iveco is an old-fashioned truck company that looks a lot like Daimler-Benz used to look. Iveco's chief competitor is Navistar International, and it has had a big problem with Navistar. The U. Government has been giving Navistar so many contracts for its trucks that Navistar has basically cornered the U. Market, and Iveco's share of that market is minuscule. Iveco has tried to get into the U. Market with various partnerships and deals, but Navistar is very powerful, and it has refused to let Iveco compete with it. It has also gotten so big and powerful that its sales have been growing too fast, and they are no longer sustainable. So Iveco's shares have been falling, and it has been selling itself at low prices.
Iveco's main problem is that it does not have a good product. For example, Iveco's latest trucks are pretty bad, and there is no room for improvement. Iveco's trucks have no cargo space, and Iveco's customers use them for moving merchandise, not for transporting goods.
Who makes the Iveco van?
Iveco's entry into the commercial van market in the 1980s was met with a degree of scepticism from its potential customers. Iveco had been in business since 1853, making heavy duty tractors, but with no experience of the commercial vehicle market, and not much existing knowledge about that market, at least in the U.K.
The company was therefore not at first too impressed with the idea of manufacturing, marketing and selling vans. It took a while for its executives to convince themselves. They had a clear picture of what they wanted to do, and needed to find someone to create it, but how?
They found the answer in their research department - a group that was to play an important part in Iveco's growth story over the next couple of decades. The group was tasked with identifying new markets where Iveco could make a major contribution.
In the 1980s, this led to a series of joint ventures with European manufacturers of vans, such as Renault, Alvis, Volvo and MAN. These were later replaced by wholly-owned subsidiaries, which produced vans under the Iveco name, sold by Iveco's distributors. The company did not have to buy a new factory to manufacture vans.
The group identified a growing market for light commercial vehicles in North America, and in the 1980s began to design and build a full-size van that could be sold there. At that time, the Ford Transit model was the market leader, followed by GMs Fargo and Sierra.
The market in the United States was growing, and the company decided to open an assembly plant in Detroit in order to meet that demand. Production began in 1983 and in the following three years, Iveco launched four new vans, each one selling well, and in 1986 it had sold more than half a million vehicles. The company's performance meant that its executives were now confident about their plan to move into the commercial vehicle market.
Iveco's growth continued. The company launched a mini-bus based on the successful Mercedes-Benz chassis. It launched an executive minibus in 1990, the Girovan, followed in 1992 by a van, the Iveco City Express, and another bus, the Iveco MPV. The company now had more than 30 products for sale, and had sales of more than 1 billion.
Are Iveco good vans?
I need to get some help.
This is a discussion on ? within the Motor Cruiser forums, part of the Vintage Car Collectors category; Originally Posted by jt9. Iveco has been in the business for a very long time. So their vans are old and they .
Iveco has been in the business for a very long time. So their vans are old and they make lots of money doing it. They might not have the latest computer systems or the best quality but they put all their blood, sweat and tears into their vans. Iveco vans are solid, dependable, good vans. You can buy new ones from a new company or used ones from good companies like Iveco. You can get a new chassis which includes engine, gearbox and driveline and the seats, etc. Then you can get used seats and carpet.
My first Iveco was a 1985 Dutheil (D902), bought second hand through an agency. Its been a wonderful car. No problems, great condition, always ready to do whatever and go anywhere.
Now Iveco makes the Superminis. My sister in law has had the D818 for 2 years now and its great value for money.
But the company is having financial troubles and the Superminis will be replaced by the Eurovan. I've owned 7 Iveco vans, 3 of which were original vehicles and I bought the D909 in 1994 with 55K on the clock and it's still going strong (just turned 50K recently). It's just a great all-round van that can just about hold it's own in any situation. I love it, bought another one for my daughter (an 80K D907) just as it turned 18, and I'll probably be getting one for my son when he turns 18. Iveco vans can be used all day and night.
I've owned 7 Iveco vans, 3 of which were original vehicles and I bought the D909 in 1994 with 55K on the clock and it's still going strong (just turned 50K recently).










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